how do you explain some americans fears over the international trade agreement?
who was negatively affected by the changes in the economy and what negative effects they suffer?
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To explain some Americans' fears over international trade agreements such as the North American Free Trade Agreement (NAFTA) or the Trans-Pacific Partnership (TPP), it's important to consider the concerns raised by critics.
1. Job Losses: One common fear is that international trade agreements may lead to the outsourcing of jobs to countries with cheaper labor costs. Critics argue that industries such as manufacturing or call centers may move their operations overseas, resulting in job losses for American workers.
To delve deeper into this aspect, you can:
a. Research Comparative Advantage: Explain the economic theory that underpins trade agreements. Highlight that countries specialize in industries where they have a comparative advantage (such as lower production costs or specific resources). This specialization is believed to yield overall economic benefits.
b. Provide Statistics: Look for data on job losses that have been attributed to international trade agreements. Consider analyzing specific industries or regions that have experienced significant negative impacts.
2. Wage Stagnation and Inequality: Another concern is that international trade agreements may contribute to wage stagnation or exacerbate income inequality. Critics argue that increased competition from imports may suppress wages, particularly in industries vulnerable to foreign competition.
To help explain this viewpoint:
a. Examine Economic Studies: Research studies or expert analysis discussing the correlation between trade agreements and wage stagnation or inequality. Look for data on the industries or demographics most affected to provide a clearer picture.
b. Discuss Redistribution Policies: Explain that concerns about unequal distribution of economic gains are not inherent to trade agreements alone. Factors such as domestic policies, lack of worker protections, or inadequate safety nets can also influence these outcomes.
It's important to note that these views represent criticisms rather than a comprehensive assessment of international trade agreements. Different stakeholders may have varying perspectives and opinions on the topic.